NOT LISTED FOR SALE

78 Glen Ave Oakland, CA 94611

Piedmont Avenue Neighborhood
4 Beds
4 Baths
3,489 Sq Ft
2,850 Sq Ft Lot

Last Sold May 25, 2023

Last sale price $1,575,000 $451 Per Sq Ft

52 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Floor Furnace
  • Oakland Technical High School Rated A
  • Garden

About This Home

As of May 2023

Huge price reduction on this 7 unit Apt. Amazing location next to Piedmont Ave. Near Kaiser & Summit Hospitals, and Bart is less than a mile away. Many upgrades done to this charming building. 5 units delivered vacant to ensure high market rent prices - a sure way to get on a good cycle for solid financial return. Amazing price for this rarely available investment opportunity. New 400 amp electrical service. Newly painted outside and all of the vacant unit. Updated kitchen and new floors. Excellently maintained by Discovery management. Prime prime prime location!! One 2BD/1BA. Two 1BD/1BA. plus Four studio units. Projected $12,955 gross rent per month. 10.13 times GRM. Cap rate is 5.65%.

Last Agent to Sell the Property

Edward Kuo

The GRUBB Company License #01034071 Listed on: 02/06/2023

Last Buyer's Agent

Kahila Nilsson

License #01233520

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 2,850 Sq Ft Lot
  • Garden
  • Back Yard

Home Design

  • Shingle Siding
  • Stucco

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 2 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Additional Features

  • No Washer or Dryer Hookups
  • Floor Furnace

Community Details

  • No Home Owners Association
  • 3,489 Sq Ft Building
  • Bridge Aor Association
  • Piedmont Avenue Subdivision

Listing and Financial Details

  • Assessor Parcel Number 012 0992 001 00

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Year Built: 1912
  • Property Sub Type: OTHER
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Subdivision Name: PIEDMONT AVENUE
  • Directions: Corner of Glen and 41st Street.
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Vinyl
  • Basement: None
  • Total Bedrooms: 4

Exterior Features

  • Lot Features: Level
  • Construction Type: Stucco, Shingles
  • Exterior Features: Back Yard, Garden

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, Parking Lot
  • Total Parking Spaces: 2

Utilities

  • Heating: Floor Furnace
  • Utilities: Individual Electric Meter, Master Electric Meter
  • Cooling: No Air Conditioning
  • Laundry Features: No Hookups
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: Bridge AOR
  • Association: No

Lot Info

  • Lot Size Sq Ft: 2850
  • Parcel Number: 012 0992 001 00
  • ResoLotSizeUnits: Acres

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,575,000 -- --
05/25/2023 05/25/23 Sold $1,575,000 0.0% $451 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
03/24/2023 03/24/23 Price Changed $1,575,000 -6.0% $451 / Sq Ft
02/27/2023 02/27/23 Price Changed $1,675,000 -6.2% $480 / Sq Ft
02/06/2023 02/06/23 For Sale $1,785,000 -- $512 / Sq Ft
Source: bridgeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $26,363 $1,634,988 $291,312 $1,343,676
2024 $26,363 $1,602,930 $285,600 $1,317,330
2023 $23,280 $1,262,883 $376,902 $885,981
2022 $22,264 $1,238,128 $369,514 $868,614
2021 $20,707 $1,213,855 $362,270 $851,585
2020 $20,481 $1,202,890 $358,556 $844,334
2019 $19,326 $1,179,342 $351,528 $827,814
2018 $18,941 $1,158,244 $344,638 $813,606
2017 $18,022 $1,135,258 $337,882 $797,376
2016 $17,572 $1,113,064 $331,258 $781,806
2015 $17,475 $1,096,400 $326,285 $770,115
2014 $18,151 $1,073,357 $319,895 $753,462
Source: Public Records

Agents Affiliated with this Home

  • Edward Kuo

    Seller's Agent in 2023

    Edward Kuo

    The GRUBB Company

    (510) 919-0707

    5 in this area

    64 Total Sales

    Edward Kuo
    Section Image

  • K

    Buyer's Agent in 2023

    Kahila Nilsson

    Section Image
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Map

Source: bridgeMLS

MLS Number: 41018676

bridgeMLS
California Alameda County Oakland 94611 Piedmont Avenue

78 Glen Ave, Oakland, CA

Not Listed for Sale

MultiFamily

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bridgeMLS Bay East 2025. CCAR 2025. bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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